Uber Announces Major Workforce Reduction of 10%
Uber is laying off approximately 3,300 employees, or about 10% of its workforce. This marks the largest reduction since the onset of the COVID-19 pandemic and brings Uber's total headcount to below 30,000 from around 34,000 as reported in its most recent annual report. The decision comes amid increasing competition from robotaxi services like Waymo and Zoox, along with delivery companies such as Instacart and DoorDash. CEO Dara Khosrowshahi emphasized the need to streamline operations by removing redundant layers and focusing on core business development rather than internal coordination. Uber is also enforcing a return-to-office policy for most remote employees and has seen its stock rise more than 2% following the announcement, though it remains underperforming compared to broader market indices like the Nasdaq Composite.
Topics: layoffs robotaxi competition Uber workforce reduction